On March 10, 1999, the face amount of marketable U.S. government securities held in custody by theFederal Reserve Banks for foreign official and international accounts was 596,990 million, a change of -$ 5,159 million for the week. The total includes the face value of U.S. Treasury strips and other zerocoupon bonds.1 Net of $ 16,411 million daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 16,411 million was with foreign official and international accounts. Includes securities loaned--fully secured by U.S. government securities.2 Net of $ 16,334 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 16,334 million was with foreign official and international accounts. Includes $ 170 million securities loaned--fully secured U.S. government securities.3 Includes $ 4,087 million of inflation-indexed securities valued at the original face amount and $ 80 million of compensation that adjusts for the effects of inflation on the principal of such securities.4 Consists of required clearing balances of $ 6,578 million and adjustments of $ 383 million to compensate for float.5 Excludes required clearing balances and adjustments to compensate for float.

* Estimated (Treasury's figures).Components may not add to totals due to rounding.

Worksheet for H.4.1 (a)

CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKSMillions of Dollars

Change Since

ASSETS

*

Wednesday Mar 10, 1999

Wednesday Mar 3, 1999

Wednesday Mar 11, 1998

Gold certificate account

11,047

0

- 3

Special drawing rights certificate account

8,200

- 1,000

- 1,000

Coin

441

+ 6

- 110

Loans

16

- 1

- 2

Acceptances

0

0

0

Federal agency obligations

Bought outright

311

- 25

- 314

Held under repurchase agreements (1)

5,402

+ 3,355

+ 1,983

U.S. government securities

Bought outright--Bills

199,366

+ 47

+ 3,740

Notes (2)

191,474

+ 348

+ 15,310

Bonds (3)

72,781

+ 1,228

+ 12,049

Total bought outright (4)

463,621

+ 1,623

+ 31,100

Held under repurchase agreements (1)

9,498

+ 3,936

+ 2,558

Total U.S. government securities

473,119

+ 5,559

+ 33,658

Total loans and securities

478,847

+ 8,887

+ 35,324

Items in process of collection

(585)

8,235

- 1,824

+ 1,080

Bank premises

1,302

0

+ 23

Other assets (5)

33,558

+ 734

+ 3,805

TOTAL ASSETS

(585)

541,630

+ 6,804

+ 39,120

LIABILITIES

Federal Reserve notes

489,322

+ 1,228

+ 39,203

Deposits

Depository institutions

22,857

+ 6,333

- 1,971

U.S. Treasury--general account

4,722

- 328

+ 166

Foreign--official accounts

165

- 20

+ 6

Other

(0)

250

- 15

- 129

Total deposits

(0)

27,994

+ 5,971

- 1,928

Deferred availability cash items

(585)

7,332

- 1,120

+ 893

Other liabilities and accrued dividends (6)

4,403

+ 316

- 437

TOTAL LIABILITIES

(585)

529,051

+ 6,395

+ 37,731

CAPITAL ACCOUNTS

Capital paid in

6,074

- 2

+ 646

Surplus

5,937

+ 43

+ 717

Other capital accounts

568

+ 368

+ 26

*Figures in parentheses are the eliminations made in the consolidation process.1 Does not include U.S. government and federal agency securities resold under matched sale-purchase transactions to foreign official and international accounts of which $ 0 million was outstanding at the end of the latest statement week.2 Includes $ 3,267 million of inflation-indexed securities valued at the original face amount and $ 68 million of compensation that adjusts for the effects of inflation on the principal of such securities.3 Includes $ 820 million of inflation-indexed securities valued at the original face amount and $ 12 million of compensation that adjusts for the effects of inflation on the principal of such securities.4 Net of $ 16,334 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 170 million securities loaned--fully secured by U.S. government securities.5 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. Includes special investment account at Chicago of $ 0 million in Treasury bills maturing within 90 days.6 Includes exchange-translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments.Components may not add to totals due to rounding.

MATURITY DISTRIBUTION OF LOANS AND SECURITIES, March 10, 1999Holdings of securities include securitites held under repurchase agreements, which are classified accordingto remaining maturity.

Millions of dollars

U.S. government securities (1)

Federal agency obligations

Loans

Acceptances

Holdings

Weekly changes

Holdings

Weekly changes

Within 15 days

4

0

Within 15 days

17,348

- 1,725

5,402

+ 3,330

16 to 90 days

12

0

16 to 90 days

105,319

+ 508

0

0

Over 90 days

0

0

91 days to 1 year

135,160

+ 5,200

106

0

Over 1 to 5 years

109,848

+ 1

30

0

Over 5 to 10 years

46,594

+ 348

175

0

Over 10 years

58,851

+ 1,228

0

0

Total

16

0

Total

473,119

+ 5,559

5,713

+ 3,330

1 Includes $ 4,087 million of inflation-indexed securities valued at the original face amount and $ 80 million of compensation that adjusts for the effects of inflation on the principal of such securities.Components may not add to totals due to rounding.

H.4.1 (b)

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON March 10, 1999Millions of dollars

ASSETS

Total

Boston

New York

Philadelphia

Cleveland

Richmond

Atlanta

Chicago

St. Louis

Minneapolis

Kansas City

Dallas

SanFrancisco

Gold certificate account

11,047

582

4,207

323

643

807

717

998

358

128

289

530

1,465

Special drawing rights certif. acct.

8,200

406

3,215

247

396

683

596

725

232

103

231

451

915

Coin

441

26

17

38

26

62

50

48

16

21

33

44

60

Loans

16

0

0

0

0

0

4

2

6

1

3

0

0

Acceptances

0

0

0

0

0

0

0

0

0

0

0

0

0

Federal agency obligations

Bought outright

311

17

115

9

20

24

19

30

11

3

9

14

39

Held under repurchase agreements(1)

5,402

0

5,402

0

0

0

0

0

0

0

0

0

0

U.S. government securities

Bought outright--Bills

199,366

10,858

73,893

5,796

12,957

15,705

12,128

19,139

7,006

2,190

5,531

9,065

25,098

Notes (2)

191,474

10,428

70,968

5,567

12,444

15,083

11,648

18,382

6,729

2,104

5,312

8,706

24,104

Bonds (3)

72,781

3,964

26,976

2,116

4,730

5,733

4,427

6,987

2,558

800

2,019

3,309

9,162

Total bought outright(4)

463,621

25,250

171,837

13,479

30,132

36,521

28,202

44,508

16,292

5,093

12,861

21,080

58,364

Held under repurchase agreements(1)

9,498

0

9,498

0

0

0

0

0

0

0

0

0

0

Total U.S.govt. securities

473,119

25,250

181,335

13,479

30,132

36,521

28,202

44,508

16,292

5,093

12,861

21,080

58,364

Total loans and securities

478,847

25,267

186,852

13,488

30,152

36,546

28,225

44,541

16,309

5,097

12,873

21,094

58,403

Items in process of collection

8,819

571

1,076

403

401

556

1,191

856

274

692

476

307

2,017

Bank premises

1,302

94

158

50

157

125

86

106

32

130

53

148

163

Other assets(5)

33,558

1,527

10,452

1,007

2,072

4,992

2,132

3,023

826

805

805

1,297

4,620

Interdistrict settlement account

0

+ 2,792

- 1,307

+ 2,461

- 4,476

- 1,518

+ 465

+ 5,410

+ 1,113

+ 1,444

+ 1,482

+ 1,141

- 9,006

TOTAL ASSETS

542,214

31,265

204,669

18,017

29,370

42,253

33,462

55,706

19,160

8,421

16,241

25,011

58,637

1 Does not include U.S. government and federal agency securities resold under matched sale-purchase transactions to foreign official and international accounts, of which $ 0 was outstanding at the end of the latest statement week.2 Includes $ 3,267 million of inflation-indexed securities valued at the original face amount and $ 68 million of compensation that adjusts for the effects of inflation on the principal of such securities.3 Includes $ 820 million of inflation-indexed securities valued at the original face amount and $ 12 million of compensation that adjusts for the effects of inflation on the principal of such securities.4 Net of $ 16,334 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 170 million securities loaned--fully secured by U.S. government securities.5 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. Includes special investment account at Chicago of $ 0 million in Treasury bills maturing within 90 days.Components may not add to totals due to rounding.

H.4.1 (c)

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON March 10, 1999Millions of dollars

LIABILITIES

Total

Boston

New York

Philadelphia

Cleveland

Richmond

Atlanta

Chicago

St. Louis

Minneapolis

Kansas City

Dallas

SanFrancisco

Federal Reserve notes

489,322

27,718

189,345

16,725

26,781

36,229

29,884

49,784

17,580

6,256

14,579

22,779

51,661

Deposits

Depository institutions

22,857

2,273

5,092

468

1,169

2,450

1,454

3,633

814

1,006

717

1,201

2,578

U.S. Treasury--general account

4,722

0

4,722

0

0

0

0

0

0

0

0

0

0

Foreign--official accounts

165

7

49

4

10

30

10

14

3

5

3

6

24

Other

250

0

90

1

3

130

5

1

6

1

12

1

2

Total deposits

27,994

2,280

9,954

473

1,182

2,610

1,470

3,648

823

1,012

732

1,208

2,604

Deferred credit items

7,917

437

1,001

309

296

601

958

630

331

663

457

347

1,887

Other liabilities and accrued dividends (1)

4,403

238

1,563

152

277

352

297

413

169

84

152

207

500

TOTAL LIABILITIES

529,636

30,673

201,863

17,659

28,535

39,793 ;

32,609

54,475

18,903

8,014

15,921

24,540

56,652

CAPITAL ACCOUNTS

Capital paid in

6,074

284

1,305

169

401

1,234

413

595

120

209

157

225

963

Surplus

5,937

267

1,208

177

399

1,227

418

583

121

198

140

227

972

Other capital accounts

568

40

293

13

36

0

22

54

16

0

23

20

51

TOTAL LIABILITIES AND CAPITAL ACCOUNTS

542,214

31,265

204,669

18,017

29,370

42,253

33,462

55,706

19,160

8,421

16,241

25,011

58,637

FEDERAL RESERVE AGENTS' ACCOUNTS

F.R. notes outstanding

648,379

32,724

252,253

19,467

31,140

51,082

44,990

61,491

21,065

8,825

19,033

33,208

73,101

Less--Held by F.R. Banks

159,057

5,006

62,908

2,742

4,359

14,852

15,106

11,707

3,484

2,569

4,454

10,429

21,440

F.R. notes, net

489,322

27,718

189,345

16,725

26,781

36,229

29,884

49,784

17,580

6,256

14,579

22,779

51,661

Collateral held against F.R. notes

Gold certificate account

11,047

Special drawing rights certificate account

8,200

Other eligible assets

0

U.S.govt. and agency securities

470,075

Total collateral

489,322

1 Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments.Components may not add to totals due to rounding.